Press release
Lubricants Market to Witness Rapid Growth in Demand During 2021 - 2028 with 2.7% CAGR
The lubricants market was valued at US$ 148.18 billion in 2020 and is projected to reach US$ 190.64 billion by 2028; it is expected to grow at a CAGR of 2.7% from 2021 to 2028. Lubricants are oils, fluids, and greases that help reduce friction between two surfaces in contact. The lubricants also prevent the machinery and rotary parts from thermal damage, corrosion, and oxidation. Growing demand for high-performance engines, increasing sales of vehicles, and rising manufacturing industries are the key factors driving the growth of the lubricants market. The key players operating in the lubricants market are focused on consumer-centric business, which lead to a high level of innovations.Get Sample PDF Copy at: https://www.theinsightpartners.com/sample/TIPRE00003547/?utm_source=OpenPR&utm_medium=10188
Companies Profiled in this report includes:
Royal Dutch shell
Exxon Mobil Corp
Chevron Corp
BP plc
Total
Lukoil
Sinopec Lubricant Company
Fuchs
Indian Oil Corp
Valvoline
The automotive segment is expected to hold a larger portion of the lubricants market share, primarily attributed to the increase in sales of automotive vehicles, such as trucks, buses, and other forms of passenger transport. Asia Pacific is anticipated to dominate the global lubricants market due to rapid urbanization, growing population, and significant rise from end-use industries, such as chemicals, textiles, food processing, and metalworking.
Impact of COVID-19 Pandemic on Lubricants Market
The ongoing pandemic has drastically altered the status of the chemical & materials industry and negatively impacted the growth of the lubricants market. The implementation of measures to combat the spread of the virus aggravated the situation and impacted the growth of several industries. Industries such as transportation, industrial, oil & gas, and chemicals were impacted by the sudden distortion in operational efficiencies and disruptions in the valued chains due to the closure of national and international boundaries. The significant decline in the several industrial sectors' operations due to the COVID-19 pandemic significantly impacted the demand for the global lubricants market.
The report segments the Lubricants market as follows:
Based on base oil, the market is segmented into mineral oil, synthetic, bio based lubricants, and others. Based on product type, the market is categorized into engine oil, hydraulic oil, gear oil, grease, compressor oil, and others. Based on end use, the market is segmented into oil and gas, industrial, chemical, automotive, marine, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).
Purchase a copy of report @ https://www.theinsightpartners.com/buy/TIPRE00003547/?utm_source=OpenPR&utm_medium=10188
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lubricants Market to Witness Rapid Growth in Demand During 2021 - 2028 with 2.7% CAGR here
News-ID: 2849756 • Views: …
More Releases from The Insight Partners
A Complete Study Guide to Luxury Wines
The Luxury Wines Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Download PDF:- https://www.theinsightpartners.com/sample/TIPRE00020680?utm_source=Openpr&utm_medium=10503
Top Key Major Players:-
Bacardi and Company Limited
Bayadera Group
Brown Forman
Davide Campari-Milano N.V.
Diageo
Edrington
LVMH
Pernod Ricard
SUNTORY HOLDINGS LIMITED.
About Us:
The Insight Partners…
A Complete Study Guide to Antimicrobial Coating
The antimicrobial coating market size is projected to reach US$ 15.98 billion by 2031 from US$ 7.64 billion in 2024. The market is expected to register a CAGR of 11.1% during 2025-2031. The development of sustainable and eco-friendly antimicrobial coating is likely to bring new trends in the market during the forecast period.
Download PDF:- https://www.theinsightpartners.com/sample/TIPRE00009037?utm_source=Openpr&utm_medium=10503
Top Key Major Players:-
Cupron Inc
ALISTAGEN Corp
Fiberlock Technologies
The Sherwin-Williams Co
PPG Industries Inc
Akzo Nobel NV
CytaCoat AB
Nano-Care Deutschland AG
Specialty…
A Complete Study Guide to Flexible Packaging
flexible packaging market is projected to reach US$ 237,975.67 million by 2028 from US$ 176,173.61 million in 2021; it is expected to grow at a CAGR of 4.4% from 2021 to 2028. Flexible packaging includes liners, pouches, seals, sample packets, and bags. It can be composed of film, plastic, paper, foil, etc. It is used for various food and beverage items, consumer products, music CDs, pharmaceuticals, computer software packages, and…
A Complete Study Guide to Anti-Money Laundering
The Anti-Money Laundering Market size is projected to reach US$ 13.54 billion by 2031 from US$ 4.21 billion in 2024. The market is expected to register a CAGR of 18.3% during 2025-2031. The increasing regulatory pressure, rising financial crimes, and the global expansion of digital banking and fintech services are key factors driving anti-money laundering market growth. Governments and regulatory bodies are enforcing stricter compliance measures to combat money laundering,…
More Releases for Lubricant
Food Grade Machinery Lubricant
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Food Grade Machinery Lubricant- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few…
Agricultural Lubricant Market Report Analysis, Research Studies | Pennine Lubric …
DataM Intelligence has published a new research report on "Agricultural Lubricant Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Aerospace Lubricant Market Growing Rapidly by - British Petroleum, Exxon Mobil, …
DataM Intelligence has published a new research report on "Aerospace Lubricant Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
Get a Free Sample Research PDF -…
Agricultural Lubricant Market 2024 Size, Global Report till 2031 | Exxon Mobil C …
A new Report by DataM Intelligence, titled "Agricultural Lubricant Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031,"" offers a comprehensive analysis of the industry, which comprises insights on the Agricultural Lubricant market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts, as well as insightful analysis. The Agricultural Lubricant market has…
Recycled Lubricant Market: Explosive Growth
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global Recycled Lubricant market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global Recycled Lubricant Market. We have provided deep analysis of the vendor landscape to give you a…
Malaysia Automotive Lubricant Market
Automotive Lubricants Market in Malaysia is driven by the Growth in Number of Passenger Vehicles on Road and the rapidly increasing demand for High Performing Lubricants Despite their premium pricing: Ken Research
Increase in income level generally in urban areas contributing towards increasing demand for Passenger Vehicles and a shift in preference to expensive synthetic and semi-synthetic lubricants have driven the market for Automotive Lubricants industry in recent years.
A Significant growth…